BINGLE, W.L.
BINGLE, W.L. is a Texas oil lease in Liberty County, Railroad Commission district 03, operated by Quail Creek Oil Corporation. It has 5 wellbores on file with the Commission. Reported production runs from August 2006 to August 2026, totalling 63,873 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $969K, with roughly $217K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 310 barrels a month, about 62 per wellbore. Its strongest month on the record we hold was September 2018, at 704 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about BINGLE, W.L.
- Who operates BINGLE, W.L.?
- BINGLE, W.L. is operated by Quail Creek Oil Corporation, Railroad Commission of Texas operator number 684517.
- Where is BINGLE, W.L.?
- BINGLE, W.L. is a Texas oil lease in Liberty County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24877.
- Is BINGLE, W.L. still producing?
- BINGLE, W.L. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BINGLE, W.L. is August 2026.
- How much has BINGLE, W.L. produced?
- BINGLE, W.L. has reported 63,873 barrels of oil (bbl) to the Railroad Commission of Texas between August 2006 and August 2026, from 5 wellbores.
- How much is BINGLE, W.L. worth?
- The remaining production from BINGLE, W.L. is estimated to be worth about $969K in total as of 27 August 2026, within a range of $756K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BINGLE, W.L. is a fraction of it. The estimate fits an Arps decline curve to the production BINGLE, W.L. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BINGLE, W.L. is an estimate of value, not an offer and not an appraisal.
- How much income does BINGLE, W.L. generate in a year?
- BINGLE, W.L. is forecast to net about $217K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BINGLE, W.L. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Quail Creek Oil Corporation |
|---|---|
| Field | Merchant (Consolidated) |
| County | Liberty County, Texas |
| RRC district | 03 |
| Lease number | 24877 |
| Wellbores | 5 |
| Reported production | 63,873 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $969K |
Where BINGLE, W.L. sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.